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In this episode of the Weekly Insurance News Wrap, we discuss major developments within the Australian insurance sector. Private equity firm EQT has proposed a $5.25 billion acquisition of AUB Group, a move that could shape real estate and insurance policies. Meanwhile, Sure Insurance has increased its residential strata insurance coverage from $5 million to $20 million, providing opportunity for better premium options for body corporates and lot owners, despite the Australian insurance sector observing only marginal rises in strata insurance premiums. We also discuss forthcoming regulatory changes across New South Wales, Western Australia, and the ACT, focussing on consumer protection. Finally, we explore challenges and opportunities in insurance affordability, climate resilience, and compliance in the face of rising population density.n
